Answer:
to motivate high performance for uninteresting jobs make performance contingent on extrinsic rewards.
Explanation:
Extrinsic rewards means the motivation i.e. controlled and produced via payment, awards and appreciations. In the case when the job is not interesting so the motivation level should be high in this situation and when the job is interesting the motivation level should not high
So as per the given situation, the above statement should be considered as an answer
Bonita Industries constructed a building at a cost of $14400000. Weighted-average accumulated expenditures were $5620000, actual interest was $566000, and avoidable interest was $272000. If the salvage value is $1120000, and the useful life is 40 years, depreciation expense for the first full year using the straight-line method is
Answer:
$338,800
Explanation:
Cost of the building = $14400000
Average accumulated expenditures = $5620000
Actual interest = $566000
Avoidable interest = $272000
Salvage value = $1120000
Useful life = 40 years
Depreciation expense for the first full year:
= ((Cost of the building + Avoidable interest) - Salvage value) / Useful life
= (($14400000 + $272000) - $1120000) / 40
= ($14672000 - $1120000) / 40
= $13552000 / 40
= $338,800
Wholesome Burger, Inc. budgeted 25,000 direct labor hours for producing 100,000 units. The standard direct labor rate is $6 per hour. During March, the company used 30,000 hours for producing 80,000 units and paid $6.25 per hour. Calculate the direct labor rate variance.
Answer:
See below
Explanation:
Given the above information, we will apply the formula below to compute direct labor rate variance.
Direct labor rate variance =
(SR - AR) × AH
Stanadard (Rate) SR = $6
Actual Hour (AR) = $6.25
Actual Hour (AH) = 30,000
Then,
Direct labor rate variance
= ($6 - $6.25) × 30,000
= -$0.25 × 30,000
= -$7,500
= $30,000 Unfavorable
It is unfavourable because the actual rate is more than the budgeted rate.
How might a person in an information technology company have a lot of power even if he or she does not hold an executive title
Answer:
Even if individual doesn't even have an executive role, a person responsible of information technology for a corporation might wield tremendous authority. This is due to the fact that power is not necessarily linked to a position of authority.
Explanation:
A person with leadership qualities can advance to positions of power, allowing them to put their abilities and personality attributes to good use. A person in charge of information technology is also responsible for optimising the company's digital technologies owing to the nature of the role and responsibilities.
In an Information Technology company, an individual can have a lot of power regardless of whether or not they hold an executive position. This is because organizational power is not just linked to hierarchical position.
What are the responsibilities of an IT professional?An individual who works with Information Technology handles sensitive information about an organization and is responsible for information security and optimization.
Therefore, an IT professional is responsible for managing information in an organization, creating and distributing it across computer networks securely and to the right users.
Find out more about Information Technology here:
https://brainly.com/question/984271
Becky is a single mother of two young children who spend their days at a daycare center while Becky goes to work. The daycare center closes at 5:30. If parents do not pick up their children at or before 5:30, the daycare center charges a late fee of $5 per child for every 10 minutes the parent is late.
Due to traffic, Becky expects to be 20 minutes late to pick up her children. How much would she be willing to pay for a variable toll road that would get her to the daycare center on time?
a. any price less than $5
b. any price less than $10
c. any price less than $20 1
d. Becky would not be willing to pay out of pocket to avoid traffic.
She expects to be 20 minutes late. She has to pay $5 for every 10 minutes.
20 minutes / 10 minutes = 2
2 x $5 = $10
If she is 20 minutes late she needs to pay $20.
She would be willing to pay anything less that $10, because anything less than 10 would save her money.
Answer: b. any price less than $10
What is the rate of return for an investor who pays $1,054.47 for a three-year bond with a 7% coupon and sells the bond one year later for $1,037.19? Answer in percentage terms to 2 decimals and without the % sign.
Answer:
5.00
Explanation:
The rate of return for the investor can be determined using a holding period rate of return bearing in mind that the investor would incur a cash outflow of $1,054.47 whereas the investor would receive $1,037.19 and an annual coupon of 7% of the face value
holding period return=(selling price+annual coupon-purchase price)/purchase price
annual coupon=7%*$1000
annual coupon=$70.00
holding period return=($1,037.19+$70.00-$1,054.47)/$1,054.47
holding period return=5.00%
ABC systems ________. Multiple Choice will allocate costs based on the overall level of activity highlight the different levels of activities usually will undercost complicated or complex products will limit cost drivers to units of output
Answer: highlight the different level of activities
Explanation:
Activity Based Costing system assigns costs to the activity that are used in production and it highlight the different level of activities.
Activity based costing system is quite different from the traditional costing systems based on the way the indirect cost is being treated.
Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 28,300 barrels of oil for purchase in June for $71 per barrel. Direct labor budgeted in the chemical process was $221,000 for June. Factory overhead was budgeted at $361,700 during June. The inventories on June 1 were estimated to be:
Question Completion:
The inventories on June 1 were estimated to be:
Oil $15,200
P1 8,500
P2 8,600
Work in process 12,900
The desired inventories on June 30 were:
Oil $16,100
P1 9,400
P2 7,900
Work in process 13,500
Use the preceding information to prepare a cost of goods sold budget for June 2015
Answer:
Delaware Chemical Company
The Cost of goods sold budgeted for June 2015 is:
= $2,597,500.
Explanation:
a) Data and Calculations:
Budgeted purchase of barrels of oil for June = $2,009,300 (28,300 * $71)
Budgeted direct labor for June 221,000
Budgeted factory overhead for June 361,700
The inventories on June 1 were estimated to be:
Oil $15,200
P1 8,500
P2 8,600
Work in process 12,900
Beginning inventory $45,200
The desired inventories on June 30 were:
Oil $16,100
P1 9,400
P2 7,900
Work in process 13,500
Ending inventory $39,700
Cost of goods sold:
Beginning inventory $45,200
Budgeted purchase 2,009,300
Budgeted direct labor 221,000
Budgeted factory overhead 361,700
Ending inventory (39,700)
Cost of goods sold = $2,597,500
Leahy Corp. sells $300,000 of bonds to private investors. The bonds are due in five years, have a 6% coupon rate, and interest is paid semiannually. The bonds were sold to yield 4%. Group of answer choices The bonds were sold at a discount, with annual interest expenses more than $18,000 The bonds were sold at a discount, with annual interest expenses less than $18,000 The bonds were sold at a premium, with annual interest expenses more than $18,000 The bonds were sold at a premium, with annual interest expenses less than $18,000 The bonds were sold at par, with annual interest expenses equal to $18,000
Answer:
The bonds were sold at a premium, with annual interest expenses less than $18,000
Explanation:
r = 4% per annum = 4%*6/12 = 2%
n = 5 years * 2 = 10
Present value of annuity factor = [1 - (1+r)^(-n)] / r
Present value of annuity = [1 - (1.02)^(-10)] / 0.02
Present value of annuity = 8.982585
Interest payment = $300,000*6%*6/12
Interest payment = $9,000
Present value factor = 1/(1+r)^n
Present value factor = 1 / (1.02)^10
Present value factor = 0.8203483
Face value = $300,000
Selling value of bond = [8.982585*9000] + [0.8203483*300,000]
Selling value of = 80,843.265 + 246,104.49
Selling value of = 326,948. (Amount that bond are sold for is greater than 300,000 i.e at a premium).
Coupon rate payment = $300,000*6%
Coupon rate payment = $18,000
he building is subject to a mortgage of $10,000, which the partnership has assumed. The partnership agreement also specifies that profits and losses are to be distributed evenly without a true up payment. What amounts shoul
Answer:
I. $35,000; II. $75,000
Explanation:
Calculation to determine What amounts should be recorded as capital for Roberts and Smith at the formation of the partnership
ROBERTS net assets contributed= ($20,000 + $15,000)
Roberts net assets contributed=$35,000
SMITH fair market value of the net assets contributed = ($30,000 + $15,000 + $40,000 - $10,000)
Smith fair market value of the net assets contributed=$75,000
Therefore the amount tha should be recorded as capital for Roberts and Smith at the formation of the partnership is $35,000;$75,000
A monopolistically competitive firm is currently producing 20 units of output. At this level of output the firm is charging the highest price it can at $20, has marginal revenue equal to $12, has marginal cost equal to $12, and has average total cost equal to $18. From this information we can infer that a. firms are likely to leave this market in the long run. b. the firm is currently maximizing its profit. c. the firm is earning zero profit. d. the profits of the firm are negative.
Answer:
Option b (the firm is currently maximizing its profit) is the right approach.
Explanation:
Given values are:
[tex]P=20[/tex][tex]Q=20[/tex][tex]ATC=18[/tex]Now,
The profit will be:
= [tex]P\times Q-(ATC\times Q)[/tex]
By substituting the values, we get
= [tex]20\times 20-18\times 20[/tex]
= [tex]400-360[/tex]
= [tex]40[/tex]
Thus, the above is the correct answer.
A company is concerned about the number of customers that have to wait for service in their customer service department. Assume the rate at which customers arrive is 12 per hour. Using the infinite queuing notion for the models presented in the textbook, which of the following is the mean time between arrivals?
A) 12 minutes
B) 6 minutes
C) 2 Minutes
D) 1 Minute
E) None of these
Answer:
E) None of these
Explanation:
Calculation to determine which of the following is the mean time between arrivals
Using this formula
Mean time between arrivals = 1/Arrival rate
Let plug in the formula
Mean time between arrivals= 1/12
Mean time between arrivals= 0.0833 hours or 5 minutes
Therefore the Mean time between arrivals will be 0.0833 hours or 5 minutes
What is the present value of $1,200 to be received at the end of each month for 5 years if the discount rate is 6%?
a. $62,071.b. $62,381.c. $63,095.d. $63,274.
Answer:
PV= $62,070.67 = $62,071
Explanation:
Giving the following information:
Monthly payment= $1,200
Number of months= 5*12* 60
Discount rate= 0.06/12= 0.005
To calculate the present value, we need to use the following formula:
PV= A*{(1/i) - 1/[i*(1 + i)^n]}
A= monthly payment
PV= 1,200*{(1/0.005) - 1 / [0.005*(1.005^60)]}
PV= $62,070.67
The efficiency gains resulting from a just-in-time inventory management system will allow a firm to reduce its level of inventories permanently by $333,000. What is the most the firm should be willing to pay for installing the system
Answer:
Since the benefits of adopting a just-in-time inventory management system are $333,000, and these benefits are permanent; then we can assume that the company should be willing to pay up to $333,000 for installing the system. This amount varies depending on maintenance expenses or the costs of operating the system.
Explanation:
Sandy purchased a new dress through Zappos. When it arrived, she opened the package and saw that the dress had very small cap sleeves. Slightly annoyed that they dress did not look like the photo on the website, she tried the dress on only to realize that it was too short for her. She regretted buying this dress. Luckily for her, Zappos included an easy return label for free return shipping and a comment card where she could indicate why she was returning the purchase. Zappos made it easy for Sandy to address her cognitive dissonance by focusing on processes for which area of the consumer decision-making process?
a. evaluating alternatives process.
b. postpurchase process.
c. making the purchase process.
Answer:
Option b: Post purchase process
Explanation:
There are several reasons or outcomes of post-purchase processes/evaluation of a product by consumers. They includes:
1. Post-purchase dissonance
2. Regret
3. Satisfaction/dissatisfaction
Post-purchase dissonance
This is simply known as a well-known feeling of anxiety over if the correct purchase decision was made concerning a product or services. It is said to occur when there is more than one alternative that is attractive thereby making the decision process important.
Post-purchase regret
This is simply regarded as a feeling that a wrong purchase decision has been made concerning a particular product or services. It is said to occur when one cannot reverse the decision and have experienced a negative outcome from the decision made.
product satisfaction.
This is said to exist when the consumer makes a positive evaluation and feels happy with their decision made concerning a particular product purchased.
Curtain Co. paid dividends of $10,000, $12,500, and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend. What is the total amount of dividends paid to common shareholders during Year 3?
A. $4800.B. $1000.C. $2600.D. $800.
Answer:
Total amound paid to shareholder in 3rd year = $1850
Explanation:
Below is the calculation:
Total dividend paid = 1st year divident + 2nd year divident + 3rd year dividend
Total dividend paid = $10000 + 12500 + 14000
Total dividend paid = $36500
Total preferred dividend = (2100 x 100) x 5.5% x 3
Total preferred dividend = $34650
Total amount of dividend paid to shareholder during 3rd year = 36500 - 34650 = $1850
Total amound paid to shareholder in 3rd year = $1850
Pottery Ranch Inc. has been manufacturing its own finials for its curtain rods. The company is currently operating at 100% of capacity, and variable manufacturing overhead is charged to production at the rate of 61% of direct labor cost. The direct materials and direct labor cost per unit to make a pair of finials are $4 and $5, respectively. Normal production is 26,400 curtain rods per year.
A supplier offers to make a pair of finials at a price of $13.30 per unit. If Pottery Ranch accepts the supplier’s offer, all variable manufacturing costs will be eliminated, but the $40,400 of fixed manufacturing overhead currently being charged to the finials will have to be absorbed by other products.
Required:
Prepare the incremental analysis for the decision to make or buy the finials.
Answer:
Pottery Ranch Inc.
Incremental Analysis
Make Buy Incremental
Production costs:
Variable manufacturing costs per unit:
Direct materials per unit $4.00
Direct labor per unit $5.00
Variable manufacturing per unit $3.05
Total variable manufacturing costs $12.05 $13.30 $1.25
Annual units of curtain rods 26,400 26,400 26,400
Variable manufacturing costs $318,120 $351,120 $33,000
Explanation:
a) Data and Calculations:
Production capacity = 100%
Variable manufacturing overhead = 61% of direct labor cost
Direct materials per unit = $4
Direct labor per unit = $5
Variable manufacturing per unit = $3.05 (61% of $5)
Total variable manufacturing cost per unit = $12.05
Normal production per year = 26,400 units
Total variable manufacturing costs = $318,120 ($12.05 * 26,400)
Fixed manufacturing overhead = $40,400
According to a survey done by the Anti-Fraud Collaboration, the majority of participants believe it is the job of senior executives within an organization to set the tone to deter fraud.
a) true
b) false
Ramblin’ Randy’s Dude Ranch’s daily total cost of accommodating overnight guests is given by TC = 100 + 5 Q. On the basis of this information, the average fixed cost, when there are 25 overnight guests, is:
Answer: 4
Explanation:
The average fixed cost is calculated as:
= Fixed cost / output
Since total cost is given as TC = 100 + 5Q, the fixed cost in this case is 100 as.it doesn't depend on output. In this case, 5Q is the variable cost.
Since average fixed cost is calculated as:
= Fixed cost / output
= 100 / 25
= 4
Therefore, the average fixed cost is 4
Suppose you borrow at the risk-free rate an amount equal to your initial wealth and invest in a portfolio with an expected return of 16% and a standard deviation of returns of 20%. The risk-free asset has an interest rate of 4%. Calculate the expected return on the resulting portfolio.
Answer: 28%
Explanation:
First, we have to make an assumption that the initial wealth is 100, then the weight of the risk free asset will be:
= Amount invested in risk free / Initial wealth
= -100/100
= -1
The weight of the portfolio will be calculated as:
= 1 - weight of risk free asset
= 1-(-1)
= 1 + 1
= 2
Therefore, the expected return on the resulting portfolio will be:
= 2 × 16 + [(-1) × 4]
= 32 - 4
= 28
The following are all characteristics of projects EXCEPT: A. Projects are complex, involving a variety of skills and capabilities. B. Projects have a clear starting and ending point. C. Projects typically require significant levels of cross-functional and inter-organizational coordination. D. Projects are non-routine, making planning difficult. E. Projects are companies that launch a new, sustainable business model.
Answer:
E. Projects are companies that launch a new, sustainable business model.
Explanation:
project can be regarded as series of tasks which is under processing and need to be completed so that specific outcome can be reached. A project can as well be regarded as a set of both outputs and inputs that it's needed in achieving a particular goal. Projects can simple or complex one , managing of project can be by one person or a hundred.
It should be noted that following are all characteristics of projects;
✓ Projects are non-routine, making planning difficult.
✓Projects are complex, involving a variety of skills and capabilities.
✓ Projects have a clear starting and ending point.
✓Projects typically require significant levels of cross-functional and inter-organizational coordination.
If the price of a good increases, _____________. The demand curve _________________ . If the number of buyers in the market increases, ________________. The demand curve ____________.
Answer:
1. Quantity demanded decreases
2. Shift to the left
3. Quantity demanded increases
4. Shift to the right
Explanation:
If the price of a good increases, QUANTITY DEMANDED DECREASES, The demand curve SHIFT TO THE LEFT.
If the number of buyers in the market increases, QUANTITY DEMANDED INCREASES. The demand curve SHIFT TO THE RIGHT.
This is based on the law of demand which states under normal circumstances, the lower the price, the higher the quantity demanded, and the higher the price, the lower the quantity demanded.
A demand curve moves to the right when there is an increase in quantity demanded, while the demand curve also moves to the left when there is a decrease in quantity demanded.
If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens from rooms per night to rooms per night. Therefore, the income elasticity of demand is , meaning that hotel rooms at the Triple Sevens are
Answer:
Therefore, the income elasticity of demand is 0.83, meaning that hotel rooms at the Triple Sevens are normal goods and necessities.
Explanation:
Note: This question is not complete as some data in it are missing. The complete question is therefore provided before answering the question as follows:
If average household income increases by 20%, from $50,000 to $60,000 per year, the quantity of rooms demanded at the Triple Sevens rises from 300 rooms per night to 350 rooms per night. Therefore, the income elasticity of demand is __________, meaning that hotel rooms at the Triple Sevens are__________.
The explanation of the answer is now provided as follows:
Percentage change in income = 20%
Percentage change in quantity of rooms demanded = ((350 - 300) / 300) * 100 = 16.67%
Income elasticity of demand = Percentage change in quantity of rooms demanded / Percentage change in income = 16.67% / 20% = 0.83
Since the income elasticity of demand is positive but less than one, this implies that hotel rooms at the Triple Sevens are normal goods and necessities.
Therefore, the income elasticity of demand is 0.83, meaning that hotel rooms at the Triple Sevens are normal goods and necessities.
Mo will receive a perpetuity of $27,000 per year forever, while Curly will receive the same annual payment for the next 40 years. If the interest rate is 7.1 percent, how much more are Mo's payments worth
Answer:
380281.69-360900.85=19380.84
Explanation:
Perpetuity present value, PV=A/rate
Ordinary Annuity present value, PV= A[(1-(1+7.1%)^40)/7.1%)]
What annual rate of return is earned on a $13,000 investment made in year 2 when it grows to $17,000 by the end of year 7?
A. 10.64%.
B. 4.28%.
C. 8.04%.
D. 5.51%.
Answer:
It would be D. 5.51%
Answer:
D
Explanation:
It's accumulating for 5 years
[tex]17000=13000(1+i)^5\\1.307692308=(1+i)^5\\\sqrt[5]{1.307692308} =1+i\\i=.05511[/tex]
employees benfit and service
Explanation:
Medicare and social security contributions. ...
Worker's compensation insurance. ...
Minimum wage and overtime pay. ...
Health insurance. ...
Medical and family leave. ...
Disability insurance. ...
Wellness programs. ...
Commuter benefits.
E-Eyes Bank just issued some new preferred stock. The issue will pay a $9 annual dividend in perpetuity, beginning 6 years from now. If the market requires a 6 percent return on this investment, how much does a share of preferred stock cost today
Answer:
Explanation:
Calculation to determine future sales discounts
Using this formula
Value of Preferred Stock in year 5 =Annual Dividend/Required Rate
Let Plug in the formula
Value of Preferred Stock today =(6/6%)/(1+6%)^5
Value of Preferred Stock today =100/(1+6%)^5
=124.58
The Dulac Box plant works two 8-hour shifts each day. In the past, 1000 cypress packing boxes were produced by the end of each day. The use of new technology has enabled them to increase productivity by 20%. Productivity is now approximately:____.
A) 32.5 boxes/hr.B) 40.6 boxes/hr.C) 62.5 boxes/hr.D) 81.25 boxes/hr.E) 300 boxes/hr.
Answer:
The Dulac Box
Productivity is now approximately:____.
= 75 boxes/hr
Explanation:
a) Data and Calculations:
Number of shifts per day = 2
Each shift works 8 hours
Total hours worked each day = 16 hours
Number of cypress packing boxes produced each day = 1,000
Productivity per hour = 62.5 boxes/hr (1,000 boxes/16 hours)
Increase in productivity from the use of new technology = 20%
Therefore, the number of cypress packing boxes produced each day will increase by 20% to 1,200 boxes (1,000 * 1.2)
New Productivity per hour = 75 boxes/hr
Leisure Enterprise’s total cost of producing speedboats is given by TC = 10 Q 3 – 4 Q 2 + 25 Q + 500. On the basis of this information, the marginal cost of producing the 25th speedboat is:
Answer:
The marginal cost of producing the 25th speedboat is 18,575.
Explanation:
Note that the given Leisure Enterprise’s total cost (TC) of producing speedboats is correctly stated as follows:
TC = 10Q^3 - 4Q^2 + 25^Q + 500 …….………….. (1)
Where Q represents the quantity of speedboats produced.
To obtain the marginal cost (MC) of producing speedboats, equation (1) is differentiated with respect to Q as follows:
MC = dTC/dQ = 30Q^2 - 8Q + 25 ………………… (2)
Finding the marginal cost (MC) of producing the 25th speedboat implies that Q = 25.
Substituting Q = 25 into equation (2), we have:
MC = (30 * 25^2) - (8 * 25) + 25 = 18,575
Therefore, the marginal cost of producing the 25th speedboat is 18,575.
A buyer has decided to offer $335,000 for a home that she really likes. The bank will loan her 80% of the purchase price for 30 years at 5% interest. What will be the amount of her principal and interest payment if the requirement is $5.68 per thousand of the loan amount?
Answer:
We have:
Amount of principal = $268,000
Interest payment = $1,522.24
Explanation:
These can be calculated as follows:
Loan principal = Cost of the home * Percentage to borrow = $335,000 * 80% = $268,000
Interest payment = (Loan principal / $1,000) * $5.68 = ($268,000 / $1,000) * $5.68 = 268 * $5.68 = $1,522.24
Therefore, we have:
Amount of principal = $268,000
Interest payment = $1,522.24
Assume the following information for a merchandising company: Net operating income $ 19,000 Variable selling expenses $ 25,000 Cost of goods sold $ 295,000 Fixed administrative expenses $ 50,000 Fixed selling expenses $ 40,000 Variable administrative expenses $ 5,000 What are the company's sales
Answer:
$434,000
Explanation:
The net Operating income is $19,000
Variable selling expenses is $25,000
Cost of goods sold is $295,000
Fixed administrative expenses are $50,000
Fixed selling expenses is $40,000
Variable administrative expenses is $5000
The company sales can be calculated as follows
= 19,000+25,000+40,000+5000+50,000+295,000
= $434,000
